Sitting tight on JK.v until year-end results. Next month, we should see Fiscal Year-End reports from JustKitchen (TSXV: JK). The company has had a very busy year, opening multiple ghost kitchens in South East Asia and signing multiple brand partnerships.
Third quarter results from JK showed significant revenue growth as well as retail order volume. I’m hoping to see continued growth from both of these metrics, and hopefully JK will have been able to realize a decrease in its cash burn rate.
The company does expect to see a significant reduction in cash burn in 2023, as its main focus this year has been on expansion. With JK having secured a strong foothold in its target markets, it would make sense that a breather on acquisition and expansion will allow the company to save money and focus on stabilizing its books.
JK.v is currently trading at $.10, valued at $7.52 million.
https://ceo.ca/@newswire/justkitchen-reports-financial-results-for-third-quarter